XML Financial LLC raised its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 535,719 shares of the real estate investment trust’s stock after purchasing an additional 11,512 shares during the quarter. Gladstone Commercial accounts for about 1.2% of XML Financial LLC’s investment portfolio, making the stock its 16th biggest position. XML Financial LLC owned about 1.35% of Gladstone Commercial worth $9,911,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOD. Nomura Asset Management Co. Ltd. lifted its position in shares of Gladstone Commercial by 8.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 37,600 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 2,900 shares in the last quarter. SG Americas Securities LLC bought a new position in Gladstone Commercial in the third quarter valued at $142,000. Asset Management One Co. Ltd. grew its position in Gladstone Commercial by 16.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 97,194 shares of the real estate investment trust’s stock valued at $1,811,000 after purchasing an additional 13,474 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Gladstone Commercial by 7.8% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,490 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Samalin Investment Counsel LLC lifted its stake in Gladstone Commercial by 9.4% in the third quarter. Samalin Investment Counsel LLC now owns 32,443 shares of the real estate investment trust’s stock valued at $503,000 after acquiring an additional 2,779 shares during the last quarter. Institutional investors own 45.84% of the company’s stock.
Gladstone Commercial Stock Up 0.4 %
Shares of NASDAQ GOOD traded up $0.05 during trading on Friday, hitting $11.40. The stock had a trading volume of 198,064 shares, compared to its average volume of 309,471. Gladstone Commercial Co. has a 12 month low of $10.84 and a 12 month high of $21.15. The company has a market capitalization of $456 million, a PE ratio of -103.18, a PEG ratio of 1.29 and a beta of 1.12. The company has a debt-to-equity ratio of 3.92, a current ratio of 5.49 and a quick ratio of 5.49. The firm has a fifty day moving average of $12.00 and a two-hundred day moving average of $15.50.
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). The company had revenue of $37.22 million during the quarter, compared to the consensus estimate of $37.31 million. Gladstone Commercial had a return on equity of 4.01% and a net margin of 5.52%. As a group, equities research analysts forecast that Gladstone Commercial Co. will post 1.44 EPS for the current fiscal year.
Gladstone Commercial Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.53%. The ex-dividend date is Tuesday, June 20th. Gladstone Commercial’s dividend payout ratio is currently -1,090.91%.
Analyst Upgrades and Downgrades
GOOD has been the topic of a number of recent research reports. TheStreet lowered shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a research report on Monday, March 20th. B. Riley cut their target price on shares of Gladstone Commercial from $18.00 to $15.00 in a research report on Monday, May 8th. EF Hutton Acquisition Co. I reiterated a “buy” rating and set a $18.00 target price (down from $20.00) on shares of Gladstone Commercial in a research report on Friday, February 24th. Finally, StockNews.com started coverage on shares of Gladstone Commercial in a research report on Thursday. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.83.
Insider Activity
In other news, President Arthur S. Cooper purchased 3,600 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were bought at an average price of $13.50 per share, for a total transaction of $48,600.00. Following the purchase, the president now directly owns 22,625 shares in the company, valued at approximately $305,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Gladstone Commercial news, CIO Elliott Wislar, Jr. purchased 2,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was acquired at an average cost of $13.68 per share, for a total transaction of $27,360.00. Following the purchase, the executive now directly owns 3,070 shares of the company’s stock, valued at approximately $41,997.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Arthur S. Cooper bought 3,600 shares of the stock in a transaction dated Monday, March 6th. The shares were purchased at an average price of $13.50 per share, with a total value of $48,600.00. Following the completion of the transaction, the president now directly owns 22,625 shares in the company, valued at approximately $305,437.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,850 shares of company stock worth $79,348. Corporate insiders own 1.50% of the company’s stock.
About Gladstone Commercial
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Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. It operates through the Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan, South Carolina, and All Other States geographic locations.
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